BAM - This Renewable Energy Stock Is Now a Much-Safer Option for Retirees
TerraForm Power (NASDAQ: TERP) has burned investors in the past. The renewable energy company went on an aggressive buying spree during its first few years as a public company, putting its finances in a precarious position. The company consequently had to stop paying a dividend so that it could get its balance sheet back on solid ground.
The wind and solar power producer, however, has turned things around in recent years. It even made enough progress in repairing its financial profile so that it could start paying a dividend again last year. By recently taking additional steps to further firm up its balance sheet, it's becoming a much better option for retirement-focused investors.
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